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Oil & Gas

Ineos to import US ethane for Grangemouth facility

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The Grangemouth chemical plant in Scotland may go from huge losses to instant profitability thanks to the saving plan drawn up by Swiss-based international operator Ineos Group Ltd.
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UK oil industry reports highest amount of oil spilled in decade

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Last year 246 oil spills were reported in the UK, with the total amount of oil released in these spills reaching 86 tons.
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Brazilian petrochemical companies urge for measures to revive sector

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Brazil's petrochemical industry leaders are calling on the government to provide businesses with an incentive package that will promote investment and is asking for a lower natural gas price, so that it can have an access to cheaper domestic feedstock.
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US refiners to ramp up diesel exports to Europe

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The recent boom in oil and gas production in the United States has caused a significant rise in production, prompting U.S. companies to look to international markets.
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Sinopec pipeline blast kills at least 35 in eastern China

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An eastern Chinese pipeline operated by Sinopec Corp exploded Friday, killing at least 35 people and injuring 166 more.
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Honeywell to modernize one of Europe's largest refineries

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Preem AB, Sweden's largest oil producer, will use Honeywell's enhanced high-performance process manager to as much as triple the capacity of the refinery’s existing controllers.
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Asian fuel supply to outpace demand by 2018

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As the largest refineries in China and India continue to keep supply well ahead of demand for fuel across Asian markets, many refineries will have to work at a reduced capacity over the next five years.
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Chevron facing $9.5 billion penalty for oil contamination in Amazon

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The penalty that Chevron Corporation will have to pay in the case concerning oil contamination in the Amazon has been cut by half by Ecuador's highest court, which upheld the verdict but reduced the fine to $9.5 billion.
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EU working on tighter fracking regulation

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The European Parliament supports an amendment to the EU's Environmental Impact Assessment Directive, which states that all operations for hydraulic fracturing for coal bed methane and for shale and shale-like formations should go through environmental impact assessments.
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New pipeline project to Trafigura's Gulf Coast terminal announced

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Energy Transfer Partners has signed an agreement with Holland-based global commodity trading company Trafigura Beheer BV for the launch of a new crude and condensate pipeline running from the Eagle Ford shale formation in South Texas to Corpus Christi.
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